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Find a Southville Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Southville? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Southville conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Southville conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Southville

My husband and I are only a couple days away from an exchange on a flat in Southville and my parents have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been sent from someone other than me my property lawyer needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?

Your solicitor is legally required to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

Completed the sale of my flat in Southville last April yet the purchaser is calling me complaining that their lawyer needs to hear from mine. What are the post completion sale legalities now that I have sold?

Following your house sale your solicitor is duty bound to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your solicitor must also send confirmation that the mortgage has been repaid to the purchasers solicitors. There is unlikely to be post completion steps specific conveyancing in Southville.

I am being told by my solicitor that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Southville?

The right level of missing deeds indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Barnsley Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.

Is it correct that all Southville CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing list of approved firms?

It is true that some lenders now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.

How can we know in advance if a Southville conveyancing solicitor on the Principality panel is any good?

When it comes to conveyancing in Southville obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your transaction.

How does conveyancing in Southville differ for newly converted properties?

Most buyers of new build residence in Southville come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is built. This is because house builders in Southville tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Southville or who has acted in the same development.

I opted to have a survey carried out on a house in Southville ahead of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend not give a mortgage on such a property.

It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Southville. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southville to see if the conveyancing costs will increase in light of this.

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Find out more about how flying freehold can affect your the value of a property.